SunOpta trying to beef up its biofuel unit
Wednesday, November 29th, 2006SunOpta Inc. of Brampton, Ont., sensing rising interest in the commercial production of cellulosic ethanol, is looking to raise up to $30 million (U.S.) to bolster cellulosic ethanol production and related process technologies. I’ve written about SunOpta before and the company appears well positioned in the market, even against better-known rivals such as Iogen Corp. of Ottawa. In August the company sold a biomass pretreatment and conversion system to Celunol Corp., a U.S.-based maker of cellulosic ethanol that counts Vinod Khosla as a major investor.

Tyler Hamilton is associate publisher and editor-in-chief of Corporate Knights magazine and former business columnist for the Toronto Star. This blog is a personal project started in April 2005.